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Oil: Trump promises 'help' for Mexico to seal cuts deal

2020-04-10 20:22:28| BBC News | Business | UK Edition

Mexico says the US will reduce its output to clinch a deal for global cuts.

Tags: mexico deal oil seal

 

Ovintiv Employees, Other Oil Producers Rally Against Texas Production Cuts

2020-04-08 21:30:00| OGI

Texas Railroad Commission, which has the authority to mandate production curbs in the state, will consider next week a proposal to require larger oil producers to cut output by 20% beginning May 1.

Tags: production texas oil employees

 
 

Marathon Oil Suspends Permian Drilling with Deeper Capex Cuts

2020-04-08 21:00:00| OGI

Marathon Oil will continue work to optimize its development plans in the Bakken and Eagle Ford Shale, but now plan to take frac holidays in both plays during the second quarter, CEO Lee Tillman says.

Tags: oil cuts deeper marathon

 

Tesla cuts staff pay as coronavirus halts production

2020-04-08 15:35:10| BBC News | Business | UK Edition

Non-essential workers will be placed on furlough without pay and executives will take a 30% pay cut.

Tags: pay staff production cuts

 

Lufthansa makes 'permanent' cuts as travel plunges

2020-04-08 01:01:32| BBC News | Business | UK Edition

The German airline will close its Germanwings service and de-commission more than 40 aircraft.

Tags: travel makes permanent cuts

 

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